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Legaltech landscape: Difference between revisions
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|{{bg|green}}<small>'''Low''': No humans required. Genuine disintermediation. Puts power in lawyers’ hands.</small> | |{{bg|green}}<small>'''Low''': No humans required. Genuine disintermediation. Puts power in lawyers’ hands.</small> | ||
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|<small> | |<small>'''[[Onboarding portal]]'''</small> | ||
|<small>Front-to-back portal for tracking the progress and status of onboarding, with milestones, logging all [[escalation]]s and recording legal reference data.</small> | |<small>Front-to-back onboarding portal for tracking the progress and status of onboarding, with milestones, logging all [[escalation]]s and recording legal reference data.</small> | ||
|{{bg|green}}<small>'''Supremely''': this is the holy grail of legal operations: every impulse reduced to a fully trackable and auditable series of numerical data points, suitable for [[RAG status]] indication by [[Microsoft PowerPoint|PowerPoint]].</small> | |{{bg|green}}<small>'''Supremely''': this is the holy grail of legal operations: every impulse reduced to a fully trackable and auditable series of numerical data points, suitable for [[RAG status]] indication by [[Microsoft PowerPoint|PowerPoint]].</small> | ||
|{{bg|pink}}<small>'''Enormous''': it will involve reimagining the interaction of seven departments, each wedded to its own incommensurable processes built on, variously, email forms, spreadsheets, playbooks, the command prompt and a Wang mainframe that was due for decommissioning in 1983.</small> | |{{bg|pink}}<small>'''Enormous''': it will involve reimagining the interaction of seven departments, each wedded to its own incommensurable processes built on, variously, [[email]] forms, [[Spreadsheet|spreadsheets]], playbooks, the command prompt and a Wang mainframe that was due for decommissioning in 1983.</small> | ||
|{{bg|pink}}<small>'''Low''': reduces lawyers to disempowered form-filler-outers and button pushers.</small> | |{{bg|pink}}<small>'''Low''': reduces lawyers to disempowered form-filler-outers and button pushers.</small> | ||
|{{bg|yellow}}<small>'''Medium''': Imposes a mammoth superstructure over something that is ''already'' too elaborate, and ducks the question as to why are your credit officers in a process pushing a button? Rather than institutionalising button pushing could you not rebase your terms?</small> | |{{bg|yellow}}<small>'''Medium''': Imposes a mammoth superstructure over something that is ''already'' too elaborate, and ducks the question as to why are your credit officers in a process pushing a button? Rather than institutionalising button pushing could you not rebase your terms?</small> | ||
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| rowspan="2" "3" style="vertical-align: middle;"|'''[[Execution|<small>Execution</small>]]''' | | rowspan="2" "3" style="vertical-align: middle;"|'''[[Execution|<small>Execution</small>]]''' | ||
|<small>Execution | |<small>Execution approval tool</small> | ||
| | |<small>Online tool for gathering approvals for execution of documents at completion of negotiation.</small> | ||
| | |<small>'''Medium''': Really just an unambitious attempt at an onboarding portal</small> | ||
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|<small>Digital execution</small> | |<small>Digital execution</small> | ||
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| rowspan="3" "3" style="vertical-align: middle;"|'''<small>Contract Management</small>''' | | rowspan="3" "3" style="vertical-align: middle;"|'''<small>Contract Management</small>''' | ||
|<small>Contract management</small> | |<small>Contract management</small> | ||
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|<small>Metadata extraction</small> | |<small>Metadata extraction</small> | ||
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|<small>Obligation management</small> | |<small>Obligation management</small> | ||
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| rowspan="2" "3" style="vertical-align: middle;"|'''<small>Tracking</small>''' | | rowspan="2" "3" style="vertical-align: middle;"|'''<small>Tracking</small>''' | ||
|<small>Onboarding process management</small> | |<small>Onboarding process management</small> | ||
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|<small>Legal term benchmarking</small> | |<small>Legal term benchmarking</small> | ||